AFSC vs. SCDS

Last updated Jun 4, 2026

AFSC (abrdn Focused U.S. Small Cap Active ETF) and SCDS (JPMorgan Fundamental Data Science Small Core ETF) are both Small Cap Blend Equities funds. Both are actively managed. Over the past year, AFSC returned 27.01% vs 42.67% for SCDS. Their correlation of 0.92 suggests significant overlap in exposure. AFSC charges 0.65%/yr vs 0.40%/yr for SCDS.

Performance

AFSC vs. SCDS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in abrdn Focused U.S. Small Cap Active ETF (AFSC) and JPMorgan Fundamental Data Science Small Core ETF (SCDS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AFSC achieves a 16.58% return, which is significantly lower than SCDS's 22.66% return.

AFSC

• 1D: -0.69%
• 1M: 1.96%
• YTD: 16.58%
• 6M: 13.48%
• 1Y: 27.01%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SCDS

• 1D: -0.76%
• 1M: 6.01%
• YTD: 22.66%
• 6M: 21.54%
• 1Y: 42.67%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

AFSC vs. SCDS - Yearly Performance Comparison

	2026 (YTD)	2025
AFSC abrdn Focused U.S. Small Cap Active ETF	16.58%	2.67%
SCDS JPMorgan Fundamental Data Science Small Core ETF	22.66%	6.06%

Correlation

The correlation between AFSC and SCDS is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.92
Correlation (All Time) Calculated using the full available price history since Feb 19, 2025	0.92

The correlation between AFSC and SCDS has been stable across timeframes, ranging from 0.92 to 0.92 - a consistent structural relationship.

Return for Risk

AFSC vs. SCDS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AFSC

AFSC Risk / Return Rank: 47
AFSC Sharpe Ratio Rank: 42
AFSC Sortino Ratio Rank: 42
AFSC Omega Ratio Rank: 38
AFSC Calmar Ratio Rank: 54
AFSC Martin Ratio Rank: 57

SCDS

SCDS Risk / Return Rank: 77
SCDS Sharpe Ratio Rank: 73
SCDS Sortino Ratio Rank: 75
SCDS Omega Ratio Rank: 67
SCDS Calmar Ratio Rank: 86
SCDS Martin Ratio Rank: 83

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AFSC vs. SCDS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for abrdn Focused U.S. Small Cap Active ETF (AFSC) and JPMorgan Fundamental Data Science Small Core ETF (SCDS). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	AFSC	SCDS	Difference
Sharpe ratio: Return per unit of total volatility	1.46	2.36	-0.90
Sortino ratio: Return per unit of downside risk	2.11	3.33	-1.22
Omega ratio: Gain probability vs. loss probability	1.25	1.40	-0.15
Calmar ratio: Return relative to maximum drawdown	2.64	4.84	-2.20
Martin ratio: Return relative to average drawdown	9.96	16.84	-6.88
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AFSC vs. SCDS - Sharpe Ratio Comparison

The current AFSC Sharpe Ratio is 1.46, which is lower than the SCDS Sharpe Ratio of 2.36. The chart below compares the historical Sharpe Ratios of AFSC and SCDS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	AFSC	SCDS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.46	2.36	-0.90
Sharpe Ratio (All Time) Calculated using the full available price history	0.67	1.11	-0.44

Drawdowns

AFSC vs. SCDS - Drawdown Comparison

The maximum AFSC drawdown since its inception was -21.68%, smaller than the maximum SCDS drawdown of -26.71%. Use the drawdown chart below to compare losses from any high point for AFSC and SCDS.

Drawdown Indicators

	AFSC	SCDS	Difference
Max Drawdown Largest peak-to-trough decline	-21.68%	-26.71%	+5.03%
Max Drawdown (1Y) Largest decline over 1 year	-10.29%	-8.85%	-1.44%
Current Drawdown Current decline from peak	-1.79%	-0.76%	-1.03%
Average Drawdown Average peak-to-trough decline	-4.15%	-5.28%	+1.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.72%	2.54%	+0.18%

Volatility

AFSC vs. SCDS - Volatility Comparison

abrdn Focused U.S. Small Cap Active ETF (AFSC) and JPMorgan Fundamental Data Science Small Core ETF (SCDS) have volatilities of 5.49% and 5.58%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AFSC	SCDS	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.49%	5.58%	-0.09%
Volatility (6M) Calculated over the trailing 6-month period	13.99%	12.93%	+1.06%
Volatility (1Y) Calculated over the trailing 1-year period	18.59%	18.20%	+0.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.57%	21.20%	+1.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.57%	21.20%	+1.37%

AFSC vs. SCDS - Expense Ratio Comparison

AFSC has a 0.65% expense ratio, which is higher than SCDS's 0.40% expense ratio.

Dividends

AFSC vs. SCDS - Dividend Comparison

AFSC's dividend yield for the trailing twelve months is around 0.07%, less than SCDS's 0.92% yield.

Position	TTM	2025	2024
AFSC abrdn Focused U.S. Small Cap Active ETF	0.07%	0.08%	0.00%
SCDS JPMorgan Fundamental Data Science Small Core ETF	0.92%	1.15%	0.42%

Frequently Asked Questions

Can I hold both AFSC and SCDS in my portfolio?

With a correlation of 0.92, AFSC and SCDS move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, AFSC or SCDS?

SCDS has higher volatility (5.58%) compared to AFSC (5.49%). In terms of maximum drawdown, AFSC dropped -21.68% vs SCDS's -26.71%.

Which ETF is better, AFSC or SCDS?

On 1-year performance, SCDS leads with 42.67% vs 27.01% for AFSC. On fees, SCDS is cheaper at 0.40% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AFSC or SCDS?

Over the 1-year period, SCDS has performed better with a 42.67% return vs 27.01%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AFSC or SCDS?

SCDS is cheaper with a 0.40% expense ratio, compared with 0.65% for AFSC.

Which ETF pays a higher dividend yield, AFSC or SCDS?

SCDS has the higher dividend yield at 0.92%, compared with 0.07% for AFSC.

What is the main difference between AFSC and SCDS?

They also come from different issuers: Aberdeen and JPMorgan. Their fees differ too: 0.65% for AFSC and 0.40% for SCDS.

Which has better risk-adjusted returns?

SCDS currently has the higher Sharpe Ratio (2.36 vs 1.46), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.